February 13 News, privacy-focused cryptocurrency Zcash has recently come under significant pressure. In the past 24 hours, its price has dropped approximately 7%, and over the past week, large holders’ holdings have decreased by about 38%, sparking strong concerns about its medium-term trend. Although the asset still experienced a roughly 5.8% rebound within a week, its monthly decline has exceeded 40%, with volatility significantly amplified.
On-chain data shows that while there was a brief net outflow of funds on February 12, indicating some low-level absorption, subsequent inflows of exchange-related tokens continued to increase, suggesting that more Zcash is moving from private wallets into circulating addresses. This structural change is often interpreted as a potential bearish signal. Meanwhile, the top 100 addresses still control about 70% of the total supply, indicating high concentration and making the price more susceptible to large holder actions.
From a technical perspective, analysts have identified a classic bearish flag pattern on the daily chart. This pattern typically appears during a sideways correction after a rapid decline, and once it breaks downward, subsequent drops tend to be proportional to the previous decline. Based on current estimates, if the pattern completes, Zcash could face nearly 66% downside. Additionally, from October last year to February this year, the price has been steadily rising, but the RSI has been gradually declining, forming a prolonged bearish divergence that indicates momentum is waning.
The RSI remains in a downward channel, and the gap between price and momentum indicators continues to widen, reflecting insufficient buying strength. The on-chain “smart money” indicator remains stable, with no clear signs of accumulation. Market observers note that the recent relative resilience during downturns coincides with large holders dispersing their positions, which introduces instability at current price levels.
In the short term, if the price cannot effectively break through the resistance zone above or falls below key support levels, selling pressure could further intensify. Investors should closely monitor on-chain liquidity changes and key technical levels to assess subsequent risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
APEPE Reclaims $0.051207 As Whale Buying Activity Sets a 500% Major Market Rally: Analyst
The Ape and Pepe (APEPE) coin shows signs that its market is approaching a potential big bounce. By reclaiming the $0.009000 level for the first time in almost a month and pushing past a multi-week consolidation range, the digital asset is displaying indicators of renewed bullish momentum,
BlockChainReporter31m ago
Bitcoin Veteran Buys $49 Million Worth of ETH as Experts Believe ETH Nears Breakout Price Levels
Bitcoin veteran buys $49 million worth of ETH.
Experts believe ETH is nearing major breakout prices.
ETH price could surge to $2,800 if it can hit $2,400.
The crypto community basks in high spirits as the price of Bitcoin (BTC) recovers targets over the $73,000 price range. At the
CryptoNewsLand1h ago
Ethereum Open Interest Jumps 18%, Bull Trap Signal? - U.Today
Ethereum's futures market saw a significant increase, with open interest rising over 18% to $33.37 billion, indicating heightened risk-taking. Despite bullish trends, traders appear cautious, hedging against potential downturns.
UToday1h ago
"Seeking a Sword by Marking a Boat" - Style Coin Price Predictions Go Viral: The Practical Logic and Flaws of Mystical Prophecies
Author: Frank, PANews
Whenever the market enters a confusing phase of going nowhere, people try to use a "cutting the boat to seek the sword" method of historical retrospection to predict the next market movement. In such cases, people often see from these theories and charts that history always repeats itself, and seem to automatically overlay and verify future price movements with a certain period in the past.
This coincidence seems to have a magical effect and is often verified. Some bloggers claim this prediction method has an accuracy rate of 75%~80%.
Does this "cutting the boat to seek the sword" style price prediction that repeatedly goes viral on social media help the market identify stages, or is it just packaging noise as prophecy?
From "Tick Fractals" to "History Rhyming"
The peak operation regarding predictions of October 2025 market tops is an analyst named CryptoBullet, who created a method called "ti
区块客1h ago
DeFi enters a "winter of yields": liquidity stagnation, leverage contraction, and the disappearance of arbitrage opportunities
The DeFi market entered an "interest rate winter" since September 2025, with deposit rates for major stablecoins declining sharply and supply-demand imbalances causing liquidity congestion. The rate decline reflects reduced capital demand and a lack of high-return opportunities. Stablecoin lending demand has dropped significantly, with market risk appetite shifting toward more stable investment channels. In response to this situation, the Sky protocol demonstrates competitiveness and adaptability by introducing real-world assets to enhance yields. The low interest rates during this phase can be viewed as an opportunity for DeFi market transformation.
区块客1h ago
